Full Truck Alliance Co. Ltd.

Ladies and gentlemen, good day, and welcome to Full Truck Alliance's second quarter 2023 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mao Mao, head of investor relations. Please go ahead.

Thank you, operator. Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the safe harbor from liability as established by the U.S. Private Security Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions and other factors. Some of these risks are beyond the company's control and could cause actual results to differ materially from those mentioned in today's press release and discussion. A general discussion of the risk factors that could affect FTA's business and financial results is included in certain filings of the company with SEC. The company does not undertake any obligation to update this following information except as required by law. During today's call, management will also discuss certain non-GAAP financial measures for comparison purpose only. For a definition of non-GAAP financial measures and a reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today. Joining us today on the call from FTA's senior management are Mr. Hui Zhang, our founder, chairman, and CEO, and Mr. Simon Tai, our CFO. Management will begin with prepared remarks, and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. In addition, a webcast replay of this call will be available on FTA's investor relations website at ir.futurealliance.com. I will now turn the call over to our founder, chairman, and CEO, Mr. Zhang. Please go ahead.

Hello, everyone. Welcome to the second quarter of ManBang 2023. In the past quarter, we have continued to promote digitalization and automation in the industry. We have used the concept of users and value as the foundation. We have promoted business development, improved market share, and improved market leadership. We have achieved a series of important progress and achievements. In this quarter, we will continue to improve the penetration rate of the retail market, relying on the core demand of the number of users. Helping enterprises to reduce their sales and make the energy-intensive enterprises more competitive in logistics. At the same time, we will continue to expand the size of the users and increase the revenue level through continuous service delivery and efficient online and offline operations. All of these are due to the unique business model and excellent team execution power of Shenzhen's public logistics digitalization.